Annual report pursuant to Section 13 and 15(d)

PENSION PLANS. (Details)

v3.20.1
PENSION PLANS. (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Components of net periodic benefit costs are as follows:    
Loss recognized in other comprehensive income (expense) $ (89) $ 225
Retirement Plan [Member]    
Changes in plan assets:    
Fair value of plan assets, beginning 13,257 13,958
Actual gains (losses) 2,692 (946)
Benefits paid (698) (667)
Company contributions 403 912
Participant contributions
Fair value of plan assets, ending 15,654 13,257
Less: projected accumulated benefit obligation 21,643 18,690
Funded status, (underfunded)/overfunded (5,989) (5,433)
Amounts recognized in the consolidated balance sheets:    
Other liabilities (5,989) (5,433)
Accumulated other comprehensive loss (income) 1,654 1,069
Components of net periodic benefit costs are as follows:    
Service cost 374 424
Interest cost 760 694
Expected return on plan assets (760) (816)
Net periodic benefit cost 374 302
Loss recognized in other comprehensive income (expense) $ 585 $ 343
Assumptions used in computation benefit obligations:    
Discount rate 3.25% 4.15%
Expected long-term return on plan assets 6.25% 6.25%
Rate of compensation increase